Sarah Geegan

Final Financial Model E-newsletter for Fall 2013 Semester

Published: Dec 19, 2013

LEXINGTON, Ky. (Dec. 19, 2013) In a commitment to keep the University of Kentucky community informed and engaged in the process of transitioning to a new financial model, UK Provost Christine Riordan and Executive Vice President for Financial Affairs Eric Monday issued the latest newsletter with updates on the financial model.

 

The e-newsletter was distributed Thursday, Dec. 19.  Following is the full message:

 
 
Dear Colleagues, 
 
In our last communication of the semester about the new financial model, we want to 
discuss how another major pool of resources will be more transparently handled -- the 
tuition dollars we receive from families and students. 
 
UK this year will receive about $345 million of tuition revenue. Under the values-based 
financial model, every college will be given credit for teaching students. 
 
For the most part, except in special cases in which this formula is altered, 75 percent of 
tuition dollars will go to the college of the faculty member where classes are taught 
regardless of a student’s major. And 25 percent will go to the college where a student is 
majoring. In cases of double majors, this portion of the tuition is shared if multiple 
colleges are involved. 
 
It's a transparent way of allocating the flow of tuition dollars throughout the university to 
support the important work faculty do in educating students. 
 
In our current incremental model, tuition doesn’t flow directly to the colleges where the 
revenue is generated. Instead, the university allocates funds to colleges based upon 
defined needs or areas where growth patterns indicate additional resources are 
necessary. Without a direct formula allocation, it is more difficult for colleges to 
determine where to invest revenue in a strategic fashion to create an innovative learning 
environment to educate and graduate students in the most effective way possible. The 
new model allows colleges to see how the funds are flowing and invest in important 
areas as they continue to focus on quality and excellence. 
 
Next semester, we will continue with regular communication about this important tool for 
our institution. As always, the goal is to frequently and transparently continue the 
dialogue over the next year about how the model will help us maximize the work we do 
together. At the same time, as we continue that dialogue, we will be listening for ways 
we can make improvements to the model. Thanks for the great feedback so far. 
 
Thanks and have a happy holiday. 
 
 
financial-plan-final.png
September
 
 
1
Last Day to Add a Class
Last Day to Receive 80% Refund
Suicide Prevention: Raising Awareness & Sharing Our Stories
Welcome Coffee
Game Show
Tue
2
Wildcat Wellness Meditation
Wed
3
The Late Night Film Series Presents - Rosemary's Baby
The Late Night Film Series Presents - Pitch Perfect 2
Adjusting to College
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Kickoff Football Season Grill Out
Thu
4
The Late Night Film Series Presents - Akira
The Late Night Film Series Presents - Whiplash
To Live in the Borderlands: A Household Perspective on Frontier Politics from the Middle Jequetepeque Valley, Peru
Fri
5
Go Swing Dancing!
Sat
6
 
Sun
7
Labor Day
Mon
8
Wildcat Wellness Relaxation
The Late Night Film Series Presents - Ivory Tower
Tue
9
Wildcat Wellness Meditation
Wed
10
The Late Night Film Series Presents - Selena
The Late Night Film Series Presents - Jurassic World
Adjusting to College
Terrace Time Out
Thu
11
The Late Night Film Series Presents - The Great Beauty
The Late Night Film Series Presents - Predator
Friday Swing Dance Lessons - Free!
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Accounting Internship & Career Fair
Fri
12
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Wayne Koestenbaum: Unfamiliar Grammar
Sculptors On Paper
Swing Dance Lessons - Free
Sat
13
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Sun
14
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Kentucky Law Schools Forum
Outdoor Installation
Wildcat Wellness Expressions - Superhero
Mon
15
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Outdoor Installation
Wildcat Wellness Relaxation
Women's Forum Board Meeting
Southern Sirens Concert
Tue
16
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Outdoor Installation
Wildcat Wellness Meditation
Last Day to Drop a Course Without Appearing on Transcript
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17
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Outdoor Installation
Adjusting to College
Thu
18
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Nina Katchadourian: Collection Interventions
Outdoor Installation
The Late Night Film Series Presents - Dark Girls
The Late Night Film Series Presents - The Pokémon Movie
LexPhil Pre-Concert Buffet
Curator Tour with Stuart Horodner
Fri
19
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Swing Dance Lessons - Free
Sat
20
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
LexHop
Sun
21
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Wildcat Wellness Expressions - Finger Painting
Mon
22
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Wildcat Wellness Relaxation
Tue
23
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Wildcat Wellness Meditation
Last Day to Receive 50% Refund
Thank-A-Donor Day
2 Day Business Internship & Career Fair
Pinterest Party I
Wed
24
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
2 Day Business Internship & Career Fair
Wildcat Wellness - Yoga for Relaxation
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Wildcat Wellness - Yoga for Relaxation
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The Late Night Film Series Presents - Wild Tales
The Late Night Film Series Presents - Mad Max: Fury Road
Adjusting to College
Thu
25
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Wayne Koestenbaum: Unfamiliar Grammar
The Late Night Film Series Presents - All.I.Can
The Late Night Film Series Presents - Nightcrawler
Fri
26
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Paint the Town Blue/Banner Competition
Wayne Koestenbaum: Unfamiliar Grammar
Swing Dance Lessons - Free
Swing Dance Lessons - Free
Arts Writing Workshop
Sat
27
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Paint the Town Blue/Banner Competition
Wayne Koestenbaum: Unfamiliar Grammar
Sun
28
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Paint the Town Blue/Banner Competition
Wayne Koestenbaum: Unfamiliar Grammar
Wayne Koestenbaum: Unfamiliar Grammar
Wildcat Wellness Expressions - Mandala
Mon
29
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Wildcat Wellness Relaxation
Wildcat Wellness Relaxation
Wayne Koestenbaum: Unfamiliar Grammar
Kitty Karnival
Tue
30
Bottoms Up: A Sculpture Survey
Nina Katchadourian: Collection Interventions
Wildcat Wellness Meditation
Wildcat Wellness Meditation
Wayne Koestenbaum: Unfamiliar Grammar
Wayne Koestenbaum: Unfamiliar Grammar
Wayne Koestenbaum: Unfamiliar Grammar
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Wed
 
 
 

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